Press Release
On the Establishment of Split Preparation Company for the Upcoming Division of the Company
April 01, 2019
Chubu Electric Power Co.,Inc.
Today, Chubu Electric Power established two new companies, the Chubu Electric Power Transmission and Distribution Business Split Preparation Company and the Chubu Electric Power Retail Electricity Business Split Preparation Company.
The split preparation companies were established to prepare for the smooth spin off of the general transmission and distribution business and the electricity retail business on April 01, 2020. (Announced on November 27, 2018)
Overview of the Split Preparation Companies
Firm name |
Chubu Electric Power Transmission and Distribution Business Split Preparation Company |
Chubu Electric Power Retail Electricity Business Split Preparation Company |
---|---|---|
Headquarters |
1 Toshincho, Higashi-ku, Nagoya-shi, Aichi Prefecture |
1 Toshincho, Higashi-ku, Nagoya-shi, Aichi Prefecture |
Representative |
Representative Director & President |
Representative Director & President |
Business |
General transmission and distribution business |
Electricity retail business |
Starting capital |
5 million yen |
5 million yen |
Date of establishment |
April 01, 2019 |
April 01, 2019 |
Fiscal year end |
March 31 |
March 31 |
Majority shareholder and shareholding ratio |
Chubu Electric Power Co., Inc. |
Chubu Electric Power Co., Inc. |
(Reference) Projected Schedule
April 2019 |
Conclusion of the absorption-type split agreement |
June 2019 |
Gain approval of the absorption-type split agreement in the General Shareholders Meeting |
April 01, 2020 |
Effective date of the absorption-type split agreement |